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Segment Information
 3 Months Ended
Dec. 28, 2013
Segment Information
Segment Information
The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The Company reports the performance of its operating segments including equity in the income of investees. Equity in the income of investees included in segment operating results is as follows:
 
 
Quarter Ended
 
December 28,
2013
 
December 29,
2012
Media Networks
 
 
 
Cable Networks
$
257

 
$
177

Broadcasting
(18
)
 
(13
)
Equity in the income of investees included in segment operating income
$
239

 
$
164



During the quarter ended December 29, 2012, the Company recorded a $55 million charge for our share of expense related to an equity redemption at Hulu LLC (Hulu Equity Redemption). This charge is recorded in "Equity in the income of investees" in the Condensed Consolidated Statements of Income but has been excluded from segment operating income. See Note 3 for further discussion of the transaction.
 
Quarter Ended
 
December 28,
2013
 
December 29,
2012
Revenues (1):
 
 
 
Media Networks
$
5,290

 
$
5,101

Parks and Resorts
3,597

 
3,391

Studio Entertainment
1,893

 
1,545

Consumer Products
1,126

 
1,013

Interactive
403

 
291

 
$
12,309

 
$
11,341

Segment operating income (1):
 
 
 
Media Networks
$
1,455

 
$
1,214

Parks and Resorts
671

 
577

Studio Entertainment
409

 
234

Consumer Products
430

 
346

Interactive
55

 
9

 
$
3,020

 
$
2,380


(1) Studio Entertainment segment revenues and operating income include an allocation of Consumer Products revenues, which is meant to reflect royalties on sales of merchandise based on certain film properties. The increases/(decreases) related to these allocations on segment revenues and operating income as reported in the above table are as follows:
 
Quarter Ended
 
December 28,
2013
 
December 29,
2012
Studio Entertainment
$
63

 
$
55

Consumer Products
(63
)
 
(55
)
 
$
—

 
$
—

A reconciliation of segment operating income to income before income taxes is as follows:
 
Quarter Ended
 
December 28,
2013
 
December 29,
2012
Segment operating income
$
3,020

 
$
2,380

Corporate and unallocated shared expenses
(116
)
 
(123
)
Restructuring and impairment charges
(19
)
 
—

Other income/(expense), net
6

 
(102
)
Interest income/(expense), net
49

 
(72
)
Hulu Equity Redemption charge
—

 
(55
)
Income before income taxes
$
2,940

 
$
2,028